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Why are prices awesome? What relationship do prices have to the consumer and producer problems, and how do prices serve as the "glue" that connects that two problems and brings about what economists call equilibrium?
Illustrate what is james price of producing potatoes what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
The remainder of the paper should support and explain your position. The paper should include at least three graphs developed in our course and define all economic concepts used to build your argument. The topic is: The Rise and Fall of the Housin..
A firm has $2,000,000 in sales, a Lerner index of 0.56, and a marginal cost of $35, and competes against 900 other firms in its relevant market. What price does this firm charge its customers? By what factor does this firm mark up its price over marg..
The increased use of technology may be a threat to public administration and national security. Construct a scenario in which you support this theory, and propose two (2) methods geared towards minimizing the technological threats identified within y..
Using supply-and-demand diagrams explain how the following events would affect the supply or demand in each market (draw the original demand and supply and in the same graph draw the NEW demand or supply-showing your shifts) and how the quantity and ..
Which of the following are included among the elements developed in the Restatement (Third) of Unfair Competition, § 46, for a right of publicity claim? Use of a person’s identity to gain a commercial advantage Interference with an individual’s priva..
The choice between specialized and broad task assignments depends on:
Land-use restrictions may be intended to correct inefficiencies in urban land markets. However, they also impact the distribution of educational resources, and thereby contribute to educational (and economic) inequality in the U.S. Name one land use ..
In the long-run, fiscal policy impacts the supply side of the economy. Why do we ignore these effects in the short-run?
The Big Pivot’s core argument is that three trends will drive business challenges and success: a hotter, scarcer, more open world. Do you agree with these core ideas of the book? Do these concepts from the book align with the reality of today? What i..
Mary Graham worked as a real estate agent for Piedmont Preoperties for 15 years. Her annual income is approximately $100,000 per year. Mary is considering establishing her own real estate agency. Determine the (pre-tax) accounting profit for this ve..
The following national income is in billions of dollars: Net domestic product equal?
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